New Buyer Employees definition

New Buyer Employees means the Business Employees who commence working with Buyer on the Closing Date or continue to work with an Acquired Company on the Closing Date.

New Buyer Employees means the Business Employees who commence working with Buyers or a relevant Affiliate of Buyers, as applicable, after the Closing.

New Buyer Employees means those Employees who become employees of Buyer at or after the Closing.

Examples of New Buyer Employees in a sentence

• All Buyer Plans and Buyer severance pay plans, programs or practices shall recognize all credited service of New Buyer Employees with PKI and its subsidiaries for purposes of eligibility and vesting and level of benefits to the same extent such service was recognized under similar plans maintained by PKI or its subsidiaries immediately prior to the Closing Date, provided that the foregoing shall not apply to the extent it would result in a duplication of benefits for the same period of service.

• The Buyer shall make appropriate arrangements to allow the use by New Buyer Employees of any amounts available under any cafeteria plan or flexible spending account (as defined in Section 125 of the Code) which was maintained by the Seller or any of its Affiliates for such New Buyer Employees.

• Subject to the requirements of law, the employment of all New Buyer Employees will be at will.

• Immediately following the Closing, Buyer agrees to offer employment to Current Employees of Seller who are listed on Schedule 6.10 ("New Buyer Employees") at wages and salary levels not less than and in positions substantially similar to such Current Employees' current wages and salary levels and positions.

• Seller shall prepare and furnish to each of the New Buyer Employees a Form W-2, which shall reflect all wages and compensation paid to the New Buyer Employees for that portion of the calendar year in which the Closing Date occurs during which the New Buyer Employees were employed by Sellers and were employed in connection with the operation of the Acquired Assets.

More Definitions of New Buyer Employees

New Buyer Employees has the meaning set forth in Section 10.6(b).

New Buyer Employees means the Business Employees who commence working with Buyer on the Local Transfer Date or continue to work with an Acquired Company on the Local Transfer Date or are treated as continuing in employment by application of the Transfer Regulations.

New Buyer Employees shall have the meaning set forth in Section 5.8.

New Buyer Employees shall have the meaning set forth in Section 5.1.

New Buyer Employees means Seller Employees who accept such offers and commence working with Buyer on the Closing Date.

New Buyer Employees has the meaning given such term in Section 7.2(a).

New Buyer Employees means the Seller Business Employees who accept the Buyer's offer of employment and who commence working with the Buyer on or within thirty (30) days of the Closing Date (or, if later, the thirty (30) days following the last date on which the Seller Business Employee has a rehire right protected by law).